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Tag Archives : Great Depression

Ranking Presidents: The Awful Economic Record of Franklin Delano Roosevelt

Ranking Presidents: The Awful Economic Record of Franklin Delano Roosevelt

Posted on April 3, 2020

He had an upside-down view of freedom.

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Lessons from the 1920s and 1930s about Growth vs Equality

Lessons from the 1920s and 1930s about Growth vs Equality

Posted on May 1, 2019

A rising tide can lift all boats.

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Trump and the Danger of Hoover-Style Trade Policy

Trump and the Danger of Hoover-Style Trade Policy

Posted on July 20, 2018

History may be repeating itself.

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Everything You Need to Know about Assigning Blame for the Great Depression, Captured by a Cartoon

Everything You Need to Know about Assigning Blame for the Great Depression, Captured by a Cartoon

Posted on November 18, 2017

It’s the cartoon version of Mitchell’s Law.

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Glass-Steagall and Financial Mythology

Glass-Steagall and Financial Mythology

Posted on February 25, 2016

There’s no real world evidence for left’s position on Glass-Steagall.

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Statist Policy and the Great Depression

Statist Policy and the Great Depression

Posted on September 17, 2014

It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp of history. This is why I’ve tried to educate people, for instance, that government intervention bears the blame for the 2008 financial crisis, not capitalism or deregulation. Going back in time, I’ve also explained the truth about “sweatshops” and “robber barons.” […]

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We Get Bad Analysis when Statists Write Economic History

We Get Bad Analysis when Statists Write Economic History

Posted on July 31, 2014

When major changes occur, especially if they’re bad, people generally will try to understand what happened so they can avoid similar bad events in the future. This is why, when we’re looking at major economic events, it’s critical to realize that narratives matter. For instance, generation after generation of American students were taught that the […]

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Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

Posted on July 1, 2014

There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain for Hoover’s big-government policies, but I also am extremely irritated that – as Jonah Goldberg explained – he allowed the left to create an utterly bogus narrative […]

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No Matter How Hard He Tries, Obama Will Never Be as Bad as FDR

No Matter How Hard He Tries, Obama Will Never Be as Bad as FDR

Posted on October 13, 2012

I’ve explained on many occasions that Franklin Roosevelt’s New Deal was bad news for the economy. And the same can be said of Herbert Hoover’s policies, since he also expanded the burden of federal spending, raised tax rates, and increased government intervention. So when I was specifically asked to take part in a symposium on […]

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The Gold Standard Is a Good System, but Governments Can’t Be Trusted to Operate It Honestly

The Gold Standard Is a Good System, but Governments Can’t Be Trusted to Operate It Honestly

Posted on March 1, 2012

I’ve linked before to Professor George Selgin’s masterful video on the Federal Reserve’s horrible track record, and I’ve done my own video on the origin of central banking. These types of posts often generate questions about what reforms we should support, and a lot of people ask about the gold standard. I’m not a monetary […]

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